Canada’s Industry-based GDP -0.2% in February
Abstract:
Statistics Canada has just released Gross Domestic Product (GDP) results on an industry basis for February 2008. On the heels of a 0.6% advance in January, month to month, Canadian GDP was -0.2% in February. There have been other recent periods of weakness – for example, December 2007 was -0.7% − but the latest number adds to growing concern that Canada is following the United States into a period of slowdown.
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Statistics Canada has just released Gross Domestic Product (GDP) results on an industry basis for February 2008. On the heels of a 0.6% advance in January, month to month, Canadian GDP was -0.2% in February. There have been other recent periods of weakness – for example, December 2007 was -0.7% − but the latest number adds to growing concern that Canada is following the United States into a period of slowdown.